Morocco: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2024

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in Morocco

The Moroccan prophylactic medicaments containing insulin market fell sharply to $X in 2022, which is down by -18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a noticeable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Exports from Morocco

In 2022, approx. X tons of medicaments containing insulin but not antibiotics in measured doses were exported from Morocco; picking up by 229% on the previous year's figure. Overall, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prophylactic medicaments containing insulin exports soared to $X in 2022. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mauritania (X tons) was the main destination for prophylactic medicaments containing insulin exports from Morocco, with a 61% share of total exports. Moreover, prophylactic medicaments containing insulin exports to Mauritania exceeded the volume sent to the second major destination, Senegal (X tons), threefold. Libya (X kg) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+7.6% per year) and Libya (+3.7% per year).

In value terms, Mauritania ($X) remains the key foreign market for medicaments containing insulin but not antibiotics in measured doses exports from Morocco, comprising 63% of total exports. The second position in the ranking was taken by Senegal ($X), with a 21% share of total exports. It was followed by France, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Mauritania stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+5.6% per year) and France (+2.3% per year).

Export Prices by Country

The average prophylactic medicaments containing insulin export price stood at $X per ton in 2022, shrinking by -30.1% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 when the average export price increased by 31%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+9.6%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports into Morocco

In 2022, the amount of medicaments containing insulin but not antibiotics in measured doses imported into Morocco fell to X tons, waning by -8.8% compared with the year before. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, prophylactic medicaments containing insulin imports declined to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of prophylactic medicaments containing insulin imports to Morocco, with a combined 88% share of total imports. Denmark and Malaysia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +30,366.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prophylactic medicaments containing insulin suppliers to Morocco were Germany ($X), France ($X) and Denmark ($X), with a combined 84% share of total imports. Italy and Malaysia lagged somewhat behind, together comprising a further 16%.

Malaysia, with a CAGR of +21,113.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average prophylactic medicaments containing insulin import price amounted to $X per ton, which is down by -6.4% against the previous year. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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